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AmTrust Financial Services, Inc. Message Board

  • libfrom22 libfrom22 Dec 12, 2013 3:30 PM Flag

    Management response

    concerns me a bit. they didn't seem to address the points brought up in the SA piece. I suppose they couldn't get into the nitty gritty, but I'm concerned that there is enough of a cloud here to keep shares under pressure. I'm out and probably not getting back in anytime soon. By the time you find out whether any of the accounting issues are legit, it probably lower. Anyone else here able to rebut the SA piece?

    Sentiment: Hold

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    • AFSI management says losses were included and Geo says not; since AFSI has been audited for years, the auditors would have to be complicit in this scheme if it exists, which seems weird. Even weirder is the hit on MHLD, which is not owned by AFSI at all and just does reinsurance swaps with them. Market gets crazy sometimes.

      No position in AFSI here.

 
AFSI
26.23+0.09(+0.34%)Sep 28 4:00 PMEDT